Return to News Categories

ALL NEWS SECTIONS:
MOST POPULAR SECTIONS:
Cattle - Hogs / Livestock News Currencies News Energy News Grain News Index News Interest Futures News Metals Futures News Reports: Crops, CFTC, etc Soft Commodities News

Futures and Commodity Market News

Gatling Expands Drill Program to 20,000 meters at Larder Gold Project

VANCOUVER, Aug. 13, 2019 (Canada NewsWire via COMTEX) --

GATLING EXPLORATION INC. (TSXV: GTR, OTC: GATGF) (the "Company" or "Gatling") is pleased to announce that, due to the success of the initial 10,000 meters of drilling, it is expanding the 2019 program to 20,000 meters. The additional drill meters will continue to focus on expanding the Bear, Cheminis and Fernland deposits, as well exploring the recently permitted Kir Vit property.

Exploration Drill Program Highlights

    --  Additional 10,000 meters to focus on deposit expansion and new,
        high-grade targets. Gatling has extended the program to 20,000
        meters with the aim of expanding mineralized horizons at Bear,
        Cheminis and Fernland and also exploring new intrusion-related
        mineralization at the Kir Vit property.
    --  Exceptional Hit Rate. The first six holes drilled at the Bear
        deposit all intersected gold mineralization. The holes
        confirmed historical high-grade lenses, tested down plunge
        continuity and extended the mineralized zones to the west
        towards the Cheminis deposit. Gatling has completed 13 drill
        holes to date with 7 holes drilled at Bear and Cheminis
        deposits with assays pending.
    --  Mineralized Trend with 4 km of Strike. Gatling considers the
        Fernland, Cheminis and Bear deposits to be part of one large
        mineralized system with a strike length of 4 km along the
        Cadillac-Larder Break with small displacements within each
        deposit. The recent results demonstrate that the Bear Deposit
        has strong continuity along strike over 500 meters and with a
        depth component over 700 meters within the North Carbonate Gold
        ("North") zone (Figure 2).
    --  Two Rigs, Ongoing Drilling. Two rigs are currently drilling at
        the Larder Gold Project with one rig exploring the Bear and
        Cheminis deposits and the second rig exploring the Kir Vit zone
        (Figures 1, 3 & 4).


Summary of 2019 Completed Drill Holes to Date

Drill Hole Locations

                   Hole ID Azimuth    Dip

              Length (m)   UTM East

     UTM North        Elev (m)

    ---                                                                                               ---



           Assays Received

                                              ---


       GTR-19-001A            171     -67                          1,047      600900           5330950            327

    ---


       GTR-19-002             171     -67                            996      600953           5330933            327

    ---


       GTR-19-003             171     -67                          1,011      600791           5330931            319

    ---


       GTR-19-004W            171     -50                            447      600791           5330931            319

    ---


       GTR-19-005W2           180     -67                            652      600791           5330931            319

    ---


       GTR-19-006A            174     -65                            921      600794           5330920            320

    ---



           Assays Pending

                                              ---


       GTR-19-007A            170     -75                           1509      601007           5331166            318

    ---


       GTR-19-008             315     -77                            369      599330           5330194            320

    ---


       GTR-19-009             180     -67                           1070      600750           5330946            329

    ---


       GTR-19-010             315     -77                            381      599408           5330255            330

    ---


       GTR-19-011           325.6     -72                            309      599505           5330297            330

    ---


       GTR-19-012             330     -72                            339      599598           5330326            324

    ---


       GTR-19-013             180     -66                            642      599674           5330483            328

    ---

Results from 2019 Drill Holes

        Hole ID         From (m) To (m)  Length (m)   Au (g/t)

              Zone

    ---



        GTR-19-
         001A              815.0   820.0          5.0         1.0
       North

    ---

              Including    816.0   817.0          1.0         1.9
       North

                    ---

                    and
              Including    818.0   819.0          1.0         1.4
       North

                    ---

                           890.0   891.0          1.0         3.4
       Ultramafics



                           933.5   934.5          1.0         2.3
       South Flow





        GTR-19-002         825.0   830.0          5.0         1.3
       North /Ultramafics

    ---

              Including    826.4   827.0          0.6         5.9
       North /Ultramafics

                    ---

                           846.0   847.0          1.0         2.2
       Ultramafics



                           851.0   852.0          1.0         2.9
       Ultramafics



                           925.0   927.0          2.0         0.6
       South Flow





        GTR-19-003         797.0   803.1          6.1        20.7
       North /Graphitic Zone

    ---

                           808.0   815.0          7.8         6.6
       North /Graphitic Zone



                           821.0   822.0          1.0         3.2
       Ultramafics



                           967.2   968.8          1.6         1.9
       South Flow





        GTR-19-
         004W              782.0   790.0          8.0        10.8
       North

    ---

                           919.0   920.0          1.0         1.2
       South Flow





        GTR-19-
         005W2             788.0   793.0          5.0        12.7
       North

    ---

                           810.1   815.0          4.9         2.5
       Ultramafics



                           917.0   918.0          1.0         1.0
       South Flow





        GTR-19-
         006A              750.5   753.5          3.0         9.7
       North

    ---

                           770.6   772.0          1.4         1.3
       Ultramafics



                           871.0   875.0          4.0         8.5
       Altered South Flow



                           879.0   882.0          3.0         1.2
       South Flow



Nathan Tribble, Vice President Exploration stated, "The goal of our initial 10,000 m program at the Larder Gold Project was to confirm historical high-grade lenses and expand the footprint of the existing deposits. We are very pleased with our success so far and have doubled the program to a total of 20,000 m. The expanded program will also include drill testing a number of attractive high-grade gold targets on our newly acquired Kir Vit property."

QA/QC

Drill core is logged and sampled at the Larder project site. Core samples from the program are cut in half, using a diamond cutting saw with half sent for assay at ActLabs in Timmins, Ontario. The other half is secured and retained on site. All samples are analyzed for gold using standard Fire Assay-AA techniques. Samples returning greater than 5.0 g/t gold are analyzed utilizing standard Fire Assay-Gravimetric methods. Certified reference standards and blanks are routinely inserted into the sample stream as part of Gatling's quality control/quality assurance program.

About Gatling Exploration

Gatling Exploration is a Canadian gold exploration company focused on advancing the Larder Gold Project, located in the prolific Abitibi greenstone belt in Northern Ontario. The Larder property hosts three high-grade gold deposits along the Cadillac-Larder Lake Break, 35 km east of Kirkland Lake. The project is 100% controlled by Gatling and is comprised of patented and unpatented claims, leases and mining licenses of occupation within the McVittie and McGarry Townships. The 3,370-hectare project area is positioned 7 km west of the Kerr Addison Mine, which produced 11 million ounces of gold. All parts of the Larder property are accessible by truck or all-terrain vehicles on non-serviced roads and trails.

Qualified Person

The technical content of this news release has been reviewed and approved by Nathan Tribble, P. Geo., Vice President Exploration of Gatling Exploration and a Qualified Person pursuant to National Instrument 43-101.

ON BEHALF OF THE BOARD OF DIRECTORS,

Nav Dhaliwal, President and CEOGatling Exploration Inc.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward Looking Statements: Statements contained in this news release that are not historical facts are forward-looking statements, which are subject to a number of known and unknown risks, uncertainness and other factors that may cause the actual results to differ materially from those anticipated in our forward-looking statements. Although we believe that the expectations in our forward-looking statements are reasonable, actual results may vary, and we cannot guarantee future results, levels of activity, performance or achievements.

View original content to download multimedia:http://www.prnewswire.com/news-releases/gatling-expands-drill-program-to-20-000-meters-at-larder-gold-project-300900494.html

SOURCE Gatling Exploration Inc.

View original content to download multimedia: http://www.newswire.ca/en/releases/archive/August2019/13/c2873.html

SOURCE: Gatling Exploration Inc.

on Gatling, contact Investor Relations, Telephone: 1-888-316-1050, Email:
ir@gatlingexploration.com

Copyright (C) 2019 CNW Group. All rights reserved.

Please read the End User Agreement.
By accessing this page, you agree to the terms and conditions of the End User Agreement.

News provided by COMTEX.


Extreme Futures: Movers & Shakers

Hottest

Actives

Gainers

Today's Hottest Futures
Market Last Vol % Chg
Loading...

close_icon
open_icon